Virtus Kar Mid Cap Fund Market Value

VIMCX Fund  USD 59.82  0.85  1.44%   
Virtus Kar's market value is the price at which a share of Virtus Kar trades on a public exchange. It measures the collective expectations of Virtus Kar Mid Cap investors about its performance. Virtus Kar is trading at 59.82 as of the 28th of March 2024; that is 1.44% increase since the beginning of the trading day. The fund's open price was 58.97.
With this module, you can estimate the performance of a buy and hold strategy of Virtus Kar Mid Cap and determine expected loss or profit from investing in Virtus Kar over a given investment horizon. Check out Virtus Kar Correlation, Virtus Kar Volatility and Virtus Kar Alpha and Beta module to complement your research on Virtus Kar.
Symbol

Please note, there is a significant difference between Virtus Kar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virtus Kar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virtus Kar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Virtus Kar 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Virtus Kar's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Virtus Kar.
0.00
03/04/2023
No Change 0.00  0.0 
In 1 year and 26 days
03/28/2024
0.00
If you would invest  0.00  in Virtus Kar on March 4, 2023 and sell it all today you would earn a total of 0.00 from holding Virtus Kar Mid Cap or generate 0.0% return on investment in Virtus Kar over 390 days. Virtus Kar is related to or competes with USCF Gold, Ridgeworth Seix, Ridgeworth Seix, Virtus Ceredex, Virtus Multi-strategy, Virtus Multi, and Ridgeworth Seix. Under normal circumstances, the fund invests at least 80 percent of its assets in equity securities of medium market cap... More

Virtus Kar Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Virtus Kar's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Virtus Kar Mid Cap upside and downside potential and time the market with a certain degree of confidence.

Virtus Kar Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Virtus Kar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virtus Kar's standard deviation. In reality, there are many statistical measures that can use Virtus Kar historical prices to predict the future Virtus Kar's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virtus Kar's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
58.9859.8260.66
Details
Intrinsic
Valuation
LowRealHigh
58.3159.1559.99
Details
Naive
Forecast
LowNextHigh
58.9959.8360.67
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
58.7459.5460.34
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Virtus Kar. Your research has to be compared to or analyzed against Virtus Kar's peers to derive any actionable benefits. When done correctly, Virtus Kar's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Virtus Kar Mid-cap.

Virtus Kar Mid-cap Backtested Returns

We consider Virtus Kar very steady. Virtus Kar Mid-cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Virtus Kar Mid Cap, which you can use to evaluate the volatility of the fund. Please validate Virtus Kar's Semi Deviation of 0.7184, coefficient of variation of 758.12, and Risk Adjusted Performance of 0.0766 to confirm if the risk estimate we provide is consistent with the expected return of 0.0936%. The entity has a beta of 1.21, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Virtus Kar will likely underperform.

Auto-correlation

    
  0.84  

Very good predictability

Virtus Kar Mid Cap has very good predictability. Overlapping area represents the amount of predictability between Virtus Kar time series from 4th of March 2023 to 15th of September 2023 and 15th of September 2023 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Virtus Kar Mid-cap price movement. The serial correlation of 0.84 indicates that around 84.0% of current Virtus Kar price fluctuation can be explain by its past prices.
Correlation Coefficient0.84
Spearman Rank Test0.77
Residual Average0.0
Price Variance12.73

Virtus Kar Mid-cap lagged returns against current returns

Autocorrelation, which is Virtus Kar mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Virtus Kar's mutual fund expected returns. We can calculate the autocorrelation of Virtus Kar returns to help us make a trade decision. For example, suppose you find that Virtus Kar has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Virtus Kar regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Virtus Kar mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virtus Kar mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virtus Kar mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Virtus Kar Lagged Returns

When evaluating Virtus Kar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virtus Kar mutual fund have on its future price. Virtus Kar autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Virtus Kar autocorrelation shows the relationship between Virtus Kar mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virtus Kar Mid Cap.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Virtus Kar in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Virtus Kar's short interest history, or implied volatility extrapolated from Virtus Kar options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out Virtus Kar Correlation, Virtus Kar Volatility and Virtus Kar Alpha and Beta module to complement your research on Virtus Kar.
Note that the Virtus Kar Mid-cap information on this page should be used as a complementary analysis to other Virtus Kar's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Virtus Mutual Fund analysis

When running Virtus Kar's price analysis, check to measure Virtus Kar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Virtus Kar is operating at the current time. Most of Virtus Kar's value examination focuses on studying past and present price action to predict the probability of Virtus Kar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Virtus Kar's price. Additionally, you may evaluate how the addition of Virtus Kar to your portfolios can decrease your overall portfolio volatility.
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Virtus Kar technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Virtus Kar technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Virtus Kar trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...